Since the ONS released the data, the UK market has been waiting for the Monetary Policy Committee to decide on interest rates.
The average one-year fixed savings rate today is 5.35%; The average easy access savings rate is 3.19%; The average one-year fixed Cash ISA rate is 5.21%; The average easy access ISA rate is 3.29%. Lib Dems: Interest r...
However, Mr Bailey refused to say whether he thought UK interest rates had reached a peak. Today's interest rate rise could be the last. The pace of rises is slowing and inflation is now predicted to fall faster than expected, in part as a result of the government's help for energy bi...
Selective oxidationH2STHE UK's cost of borrowing plunged to a record low today as the threat of a dramatic Greek exit from the euro sent investors scurrying for a safe haven.Lynch, RussellLangmuir the Acs Journal of Surfaces & Colloids
According to the ONS, food and non-alcoholic beverage prices rose by 8 percent in December year-on-year, the lowest growth rate since April 2022. "Today's inflation figures show it isn't 'job done,' despite coming after last month's sharper-than-expected fall. Indeed, risks to the infl...
With Labour now destined for power in the U.K., analysts are now discussing what this might mean for the Bank of England and interest rate expectations. Sanjay Raja and Shreyas Gopal from Deutsche Bank sent the below comments in a flash research note: ...
The Joseph Rowntree Foundation’s Iain Porter said: “The consequence of today’s rate of inflation is that April’s uprating will be worth just a few pounds to most people. “The reality is millions of families can’t afford enough food this week, or to turn...
What has today's inflation data done for interest rate forecasts? Rising inflation makes interest rate cuts less likely - rates are kept high to squeeze spending, and when this happens price rises tend to slow. November's CPI rise to 2.6% - announced this morning ...
If you’ve never invested in bonds before, the process is actually very simple. All bonds come with a coupon rate, which refers to the amount of interest that you will be paid. For example, if you purchase £10,000 worth of bonds and the issuer pays 3% per year, you’ll receive ...
Expectations of higher interest rates can indeed lower inflation in and of themselves, by pushing the domestic exchange rate up and reducing the cost of imports. But the effect is likely to be modest. Thesterling effective exchange rate(which considers movements in the pound against Britain’smain...